Hollysys Automation Technologies (NASDAQ:HOLI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a research note issued to investors on Tuesday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Price Performance

Hollysys Automation Technologies stock opened at $24.31 on Tuesday. The company has a current ratio of 2.90, a quick ratio of 2.70 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.50 billion, a P/E ratio of 18.14 and a beta of 0.53. The business has a 50-day moving average of $25.57 and a 200-day moving average of $24.22. Hollysys Automation Technologies has a 1 year low of $15.13 and a 1 year high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. Hollysys Automation Technologies had a net margin of 10.56% and a return on equity of 7.09%. The firm had revenue of $223.72 million during the quarter.

Institutional Trading of Hollysys Automation Technologies

A number of large investors have recently made changes to their positions in the company. Quilter Plc bought a new position in Hollysys Automation Technologies during the first quarter worth about $645,450,000. FourWorld Capital Management LLC acquired a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth about $26,000. Blue Trust Inc. lifted its holdings in shares of Hollysys Automation Technologies by 665.2% during the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 918 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Hollysys Automation Technologies in the 1st quarter valued at approximately $35,000. Finally, US Bancorp DE increased its stake in Hollysys Automation Technologies by 71.5% during the 4th quarter. US Bancorp DE now owns 2,984 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 1,244 shares in the last quarter. Institutional investors own 78.67% of the company’s stock.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.